Detailed text transcripts for TV channel - MSNBC - 20110416:13:40:00
Column nift for tax.com. good morning, david. >> good morning. >> you say there are nine things that the rich don't want you to know about taxes. walk us through them. >> the first one is this negotiation that poor americans don't pay taxes. i've heard a number of people on msnbc in the past few days assert that the top 1% pay 40% of the taxes. actually the top 1% pay 40% of the income taxes which are a minority of all federal taxes. and they are only one-fifth of all the taxes americans pay. as for the poor, the bottom half of americans, they're very heavily taxed. they pay payroll taxes on t...